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Robert W. Baird Sticks to Its Buy Rating for Summit Hotel Properties (INN)

Robert W. Baird analyst Michael Bellisario maintained a Buy rating on Summit Hotel Properties (INNResearch Report) on November 30. The company’s shares closed last Wednesday at $9.59.

According to TipRanks.com, Bellisario is a 4-star analyst with an average return of 11.5% and a 60.0% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts, Xenia Hotels & Resorts, and Apple Hospitality REIT.

Summit Hotel Properties has an analyst consensus of Moderate Buy, with a price target consensus of $11.67, representing a 24.5% upside. In a report issued on November 17, Raymond James also maintained a Buy rating on the stock with a $11.00 price target.

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The company has a one-year high of $11.32 and a one-year low of $8.06. Currently, Summit Hotel Properties has an average volume of 900.5K.

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Summit Hotel Properties, Inc. is a real estate investment trust, which operates as a self-managed hotel investment company. It focuses on owning premium-branded select-service hotels. Its hotels are typically located in markets with multiple demand generators such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Austin, TX.

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